March 21, 2017 / 8:50 AM / 4 months ago

BRIEF-MKB posted HUF 9.5 bln after-tax profit in 2016 after big loss in 2015

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March 21 (Reuters) -

Hungary's MKB posted HUF 9.5 billion after-tax profit in 2016 versus HUF 76.4 billion loss in 2015

* Capital adequacy ratio rose to 12.04 pct in 2016 from 11.28 pct in 2015

* Non performing loans dropped to 12 pct from 20 percent of loan portfolio

* performing loan stock increased by 23 pct from 2015

* MKB Bank was sold by the state in 2016 after reorganisation

* The National Bank of Hungary took control of loss-making MKB after the government bought it from Germany's BayernLB in 2014 Source text for Eikon: Further company coverage: [ ] (Reporting by Krisztina Than)

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